Individual Retirement Accounts (IRAs) | Elements Financial
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Individual Retirement Accounts (IRAs)

IRA or Roth ImageIRAs are safe and secure ways to plan for retirement at Elements Financial.

You can choose between a Traditional or Roth IRA.

You can select an IRA Savings plan or choose an IRA certificate among a variety of terms.

Our Rate Climber Certificate is a fantastic savings option that offers you the freedom and flexibility to increase your rate once to a higher published rate with the option to make an additional deposit at the time of increase.

IRAs are available to anyone with earned income and you may contribute up to $5,500 per tax year. If you are over age 50 you may be eligible to make a contribution of $6,500.

If your spouse is employed, he/she can also open an IRA and contribute earned income for the year or $5,500, whichever is less.

Or, you may also open a spousal IRA on his/her behalf with the total contribution of $11,000 for the year, as long as a contribution to either of the accounts is no more than $5,500. For 50 and older the contribution for both could total $13,000 for the year.

Traditional IRARoth IRA
  • Tax-deferred earnings
  • Contributions may be tax-deductible
  • Earnings and/or withdrawals may be tax- and penalty-free
  • Contributions are not tax-deductible
  • Withdrawals are considered qualified as long as the account has been open for at least five years, and you are either over age 59 1/2, disabled, or buying your first home (other restrictions apply.)


To find out which Elements Financial IRA and/or ESA is right for you, please contact our 24-Hour Member Service Contact Center: (317) 276-2105 or toll-free (800) 621-2105 or email Or consult with Elements Wealth Management.